Business Context and Reporting Period
Company: Matador Resources Company
Filing Type: Form 8-K (Current Report)
Date of Report: October 14, 2014
Event: The filing discloses an operational update via a press release (Exhibit 99.1) and investor presentation materials (Exhibit 99.2). The report is filed pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934.
Key Financial Metrics
The filing text itself does not contain specific numerical values for revenue, profit, cash flow, margins, debt, or liquidity. Instead, it references attached exhibits containing:
- Non-GAAP Measures: The presentation materials include "Adjusted EBITDA" (earnings before interest, taxes, depletion, depreciation, amortization, and other non-cash items) and "PV-10" (present value of estimated total proved reserves discounted at 10% pre-tax).
- Reconciliations: The materials provide reconciliations of these non-GAAP measures to the most directly comparable GAAP financial measures.
Note: Specific financial figures are not present in the provided text; they are located in the referenced Exhibits 99.1 and 99.2.
Material Changes
The filing text does not explicitly detail material changes in financial performance or operational metrics compared to prior periods. It serves as a vehicle to distribute the operational update and presentation materials to investors.
Guidance, Outlook, and Risks
- Management Commentary: The Company expects to make presentations to potential investors utilizing the materials furnished as Exhibit 99.2.
- Regulatory Status: The information furnished under Item 2.02 and Item 7.01, including the exhibits, is not deemed "filed" for purposes of Section 18 of the Exchange Act and will not be incorporated by reference into any Securities Act filing unless specifically identified.
- Non-GAAP Disclosure: The Company asserts that Adjusted EBITDA and PV-10 provide useful information to investors, with reasons provided in the materials.
Investor Verification Checklist
- Review Exhibit 99.1 (Press Release) for specific operational updates and any forward-looking statements.
- Examine Exhibit 99.2 (Presentation Materials) for the actual values of Adjusted EBITDA, PV-10, and the reconciliations to GAAP measures.
- Verify the specific operational metrics and reserve estimates discussed in the presentation materials, as the 8-K text only references their existence.
- Confirm the date and context of the operational update to ensure alignment with current market conditions as of October 14, 2014.